Australia’s largest gold player has held up far better than most of its local peers but aggressive investors / traders should recognize its likely to rally less if gold does indeed rally +US100/oz i.e. this is a low Beta play on the gold price. MM likes NCM into any weakness around the $25 area targeting another test of $29 through 2022.
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Performance update for March, stocks that drove returns & our current positioning
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Wednesday 17th April – ASX200 +15pts, Evolution (EVN), Rio Tinto (RIO) & BOQ
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Market Matters Research Lead Shawn Hickman with David Koch
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Wednesday 27th April – DOW up 63pts, SPI down -23pts
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MM is long and bullish NCM
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Performance update for March, stocks that drove returns & our current positioning
Recorded Tuesday 9th April
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Wednesday 17th April – ASX200 +15pts, Evolution (EVN), Rio Tinto (RIO) & BOQ
Daily Podcast Direct from the Desk
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WATCH
Market Matters Research Lead Shawn Hickman with David Koch
Recorded Monday 25th March
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Wednesday 27th April – DOW up 63pts, SPI down -23pts
Daily Podcast Direct from the Desk
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